ICRA Nepal Limited Reaffirms BB+ Issuer Rating for Aashutosh Energy Limited

ICRA Nepal Limited has recently reaffirmed the ICRANP-IR BB+ issuer rating for Aashutosh Energy Limited. This rating signifies that institutions receiving it are deemed to have a moderate risk of failing to meet their financial obligations on time.

It's essential to note that the rating provided by ICRA Nepal Limited is an opinion regarding the general creditworthiness of the issuer and is not specific to any particular bond. The rating categories range from ICRANP-IR AA to ICRANP-IR C, with each followed by a + or - sign, indicating the relative position within the respective rating category.

In this case, the BB+ position for Aashutosh Energy Limited indicates a slightly better comparative position than BB, while BB- signifies a slightly lower comparative position within the BB rating category.

This reaffirmation of the issuer rating underlines ICRA Nepal Limited's assessment of Aashutosh Energy Limited's creditworthiness and its ability to meet financial obligations, albeit with a moderate level of risk.